Please post your E63s lease deals
#1
Senior Member
Thread Starter
Please post your E63s lease deals
So my dealer here in CA just gave me the lease pricing for the E63 and this seems pretty high for a car with this MSRP.
Msrp is $117,945
residual for 36 months 10k miles a year is 59%
MF is 0.00230 ( he is insisting that is his buy rate)
dealer wont take a $1 off sticker.
Monthly payment is $1984 including 9.5% use tax with $4200 total down
What do you all think?
Msrp is $117,945
residual for 36 months 10k miles a year is 59%
MF is 0.00230 ( he is insisting that is his buy rate)
dealer wont take a $1 off sticker.
Monthly payment is $1984 including 9.5% use tax with $4200 total down
What do you all think?
#2
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2014 Audi S6 / 2017 911 Targa 4 GTS
That MF is better than I was quoted in the bay area. Lease rates are ridiculous. I thought Porsche was bad at 4.8%. My Audi is at 3.9%. BMW even lower. I ended up deciding to finance since the lease rates are so high it's cheaper just to eat the sales tax difference vs. the finance charge.
#3
That MF is better than I was quoted in the bay area. Lease rates are ridiculous. I thought Porsche was bad at 4.8%. My Audi is at 3.9%. BMW even lower. I ended up deciding to finance since the lease rates are so high it's cheaper just to eat the sales tax difference vs. the finance charge.
#4
Junior Member
I was quoted a residual of 57% with 12K miles. Money factor was about 0.0223 on 36 month lease and only slightly lower on a one-pay lease.
For a $115K MSRP car, dealer wouldn't take anything off (even though I think 3-5% is doable if you call around). I think total payments came out to about $67K..payment was about $1,600-$1,700.
For a $115K MSRP car, dealer wouldn't take anything off (even though I think 3-5% is doable if you call around). I think total payments came out to about $67K..payment was about $1,600-$1,700.
#5
If you make a refundable multiple security deposit of 10 monthly payments, your factor drops to .0016 and the payments drop about 200 a month! A must do.... You rate of return on the deposit is about 12% compounded and is AAA and tax free.
I was quoted a residual of 57% with 12K miles. Money factor was about 0.0223 on 36 month lease and only slightly lower on a one-pay lease.
For a $115K MSRP car, dealer wouldn't take anything off (even though I think 3-5% is doable if you call around). I think total payments came out to about $67K..payment was about $1,600-$1,700.
For a $115K MSRP car, dealer wouldn't take anything off (even though I think 3-5% is doable if you call around). I think total payments came out to about $67K..payment was about $1,600-$1,700.
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AMGBEASTMODE (10-13-2017)
#6
$124k wagon including the 3 year maintenance package, $0 cap cost reduction, 36 months, 10K mi/year lease: selling price of $118k ($6k off), $1799/mo, or $1666/mo with 10 MSDs. 59% residual value. I didn't get the MF but you could back into it with my numbers. I can tell at a glance it's "high" but overall I get that there's only so much you can expect for a car like this. I'm happy enough overall.
#7
I would double check with the dealer. We are friendly with the owner at my dealer and my numbers quoted are honest as far as items like money factor, In my case, my sedan was 120,350, discounted 10350 to 110,000. Add on NJ sales tax and we get 118843. Very similar to you. My payment was quoted at 1775 a month, again almost exactly like you. Ten MSDs however, reduce the MF to .0016 and my payment drops 197 a month to 1575. This is the honest effect. Maybe your dealer jacked your MF and kept half of your savings!! I don't think the MSD program cares what car you buy. I think the dealer may be screwing you.
$124k wagon including the 3 year maintenance package, $0 cap cost reduction, 36 months, 10K mi/year lease: selling price of $118k ($6k off), $1799/mo, or $1666/mo with 10 MSDs. 59% residual value. I didn't get the MF but you could back into it with my numbers. I can tell at a glance it's "high" but overall I get that there's only so much you can expect for a car like this. I'm happy enough overall.
Last edited by Audiodog; 10-13-2017 at 09:55 AM.
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#8
Senior Member
Thread Starter
I would double check with the dealer. We are friendly with the owner at my dealer and my numbers quoted are honest as far as items like money factor, In my case, my sedan was 120,350, discounted 10350 to 110,000. Add on NJ sales tax and we get 118843. Very similar to you. My payment was quoted at 1775 a month, again almost exactly like you. Ten MSDs however, reduce the MF to .0016 and my payment drops 197 a month to 1575. This is the honest effect. Maybe your dealer jacked your MF and kept half of your savings!! I don't think the MSD program cares what car you buy. I think the dealer may be screwing you.
#9
Senior Member
Thread Starter
$124k wagon including the 3 year maintenance package, $0 cap cost reduction, 36 months, 10K mi/year lease: selling price of $118k ($6k off), $1799/mo, or $1666/mo with 10 MSDs. 59% residual value. I didn't get the MF but you could back into it with my numbers. I can tell at a glance it's "high" but overall I get that there's only so much you can expect for a car like this. I'm happy enough overall.
#10
I was impressed with my dealer discount! I am in NJ.
Maybe E63Guy lives in a state with no tax! My quote includes tax and nothing down. I also have no clue as to the MSD refundability in a total. My guess it is or it is moot since if you owe them, you owe them. I'll look into it.
Maybe E63Guy lives in a state with no tax! My quote includes tax and nothing down. I also have no clue as to the MSD refundability in a total. My guess it is or it is moot since if you owe them, you owe them. I'll look into it.
#11
Member
I always bought my cars. I do not care too much about renting.
Since I do little mileage and change my vehicle at 3 or 4 years of age, renting seems to be my best option.
I understand all the concepts except the "money factor"
Can you explain to me ?
#15
#16
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The risk of having the car stolen/ totalled and losing all that cash was just too high let alone what else you can do with that money?
#17
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2018 E63S AMG
The simplest explanation is that the MF is the APR / 2400. So a 6% APR is a MF of 0.0025.
A more involved derivation can be found here: http://mathscinotes.com/2011/03/magi...-auto-leasing/
A simpler approximation of all that math can be found here: https://money.stackexchange.com/ques...-the-way-it-is
The above also give examples of how the various elements of the deal and the MF get used to calculate the lease payment.
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simarddominic (10-13-2017)
#18
I would double check with the dealer. We are friendly with the owner at my dealer and my numbers quoted are honest as far as items like money factor, In my case, my sedan was 120,350, discounted 10350 to 110,000. Add on NJ sales tax and we get 118843. Very similar to you. My payment was quoted at 1775 a month, again almost exactly like you. Ten MSDs however, reduce the MF to .0016 and my payment drops 197 a month to 1575. This is the honest effect. Maybe your dealer jacked your MF and kept half of your savings!! I don't think the MSD program cares what car you buy. I think the dealer may be screwing you.
I was impressed with my dealer discount! I am in NJ.
Maybe E63Guy lives in a state with no tax! My quote includes tax and nothing down. I also have no clue as to the MSD refundability in a total. My guess it is or it is moot since if you owe them, you owe them. I'll look into it.
Maybe E63Guy lives in a state with no tax! My quote includes tax and nothing down. I also have no clue as to the MSD refundability in a total. My guess it is or it is moot since if you owe them, you owe them. I'll look into it.
#19
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2022 Mercedes EQS 580
I lease about 6 cars a year on average and never understood putting more than just the drive off down. What is the reasoning for putting a large chunk down and not financing?
The risk of having the car stolen/ totalled and losing all that cash was just too high let alone what else you can do with that money?
The risk of having the car stolen/ totalled and losing all that cash was just too high let alone what else you can do with that money?
#20
Senior Member
Thread Starter
Thanks for the advice!
#22
Why not do the 10 security deposits? So much better than a 40K cap paydown. You lower the MF from .0023 to .0016! It is refundable. Then you can put the balance in as a cap paydown. I am in the biz. This is the only choice if you have free cash on hand.
#23
#24
Super Member
How do you calculate this? I.E. how much does each security deposit reduce the MF?